Japan’s Consumer Prices Fell For 5 Straight Months, Pressuring BoJ

By

Shuli Ren

Aug. 25, 2016 10:01 p.m. ET

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By

Shuli Ren

Aug. 25, 2016 10:01 p.m. ET

Japan's core consumer prices fell for a fifth straight month in July, down 0.5% from a year ago and more than the median forecast of 0.4% decline. This was Japan's biggest annual drop in more than three years.

The Bank of Japan is currently undergoing a comprehensive monetary policy review, with the results to be released next month. The BoJ is scheduled to meet again late September.